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Another buyback for £200000.
Cash flow positive after increased costs.
Fewer shares for increased dividend ??
Results should be good , shame its only a small company.
Does today's Marlowe (MRL) disposal have any significance for PHSC ?
Backed my own judgment. Bought at 20.75.Yield in excess of 8%
DYOR
Good to see that the security section is performing better with the emphasis on groceries. If they can get some real momentum going there then PHSC's profits will dramatically increase. Staffing difficulties are not unique to them, good to see it being addressed in a positive manner. I think that end users accept some increase in costs as a fact of life these days.
8% yield at 22p, well covered, dividends increased ,will eventually be discovered by small company income Funds.
I personally think that it should be trading in excess of net assets, as these results validate the goodwill and remember that the security side is valued at zero in net assets.
DYOR please
That's a good one !!
Castle
Have been watching this , so decided to see where it goes .
Probably talking to myself with no one posting lol
Castle
Cash Cow. Share buyback. 20p at opening.
I have a small holding here, any guesses for the positive movement this morning?
Marlowe keep on buying small companies as bolt on additions. Last month they raised £100 m for more. They also stated that they are looking at scores of companies and are close to completing on some. So come on PHSC either sell out near asset value or do your own deals. Perhaps at the time of the results some clarity will be given.
Hi all,
Done some digging and happy to join this one, looks interesting. One for the bottom draw maybe. GL those already in.
Since I posted in May ,Marlowe have bought 10 small companies. The latest is Hadrian Technology, a provider of CCTV and loss prevention technology solutions. I wonder if the management of PHSC have similar ambitions or perhaps the sale of the security arm? Either way it is currently a drag on both management's time and a cash drain.What do Strand Hanson do?
I would personally prefer PHSC to do bolt on deals,but a sale of the company at a price reflecting net asset would be acceptable.
24 Aug rns regarding Director Dealings. I have happy to hold this as Directors knows where this is heading.
quite here, but hoping dividend and new business will get this on the radar. this is under the radar now.
health and safety business are booming, so this should also.
GLA
Hamiltonbro
is this dividend in October? if so I'm sure lots would buy for the dividend and the fact NAV is 34p.
thats excellent, plus more contracts to follow.
Here at the moment and that is at the 12p offer price.
NAV backing of 34p also which is 200% above the current offer price.
Looks like an easy 100-200% rise when people cotton on.
Nai/DYOR
should see some decent contracts coming our way as more schools and businesses will want to keep staff and pupils safe. we have the opportunity to get the most out of health and safety business here.
I agree , dividend and more contacts news should be coming as companies will be take benefits of health and safety measures.
Phsc should be very busy now.
And that’s based on the 13p offer.
NAV of 34p also.
Even buying at 20p would mean a 5% dividend. Not bad when you’d be lucky to get 0.1% in a bank.
Too cheap these.
Nai/DYOR
Government officials calling people to work from their work places as not all working from home can be done properly.
For this health and safety company PHSC will have a huge potential to accelerate their business growth.
Already nav is at 34p as per rns
Surely this company with it’s health and safety measures will do well in this covid19 era
On the final result rns if you scroll down then you’ll come to this paragraph
Net asset value
As at 31 March 2020, the Group’s consolidated net assets stood at £4.98m (2019: £5.14m). There were 14,677,257 ordinary shares in issue at that date which equates to a net asset value per share of 34p.
As we have previously stated, the Company’s ordinary shares continue to trade at a substantial discount to the net asset value. We recognise that there is a value of goodwill on the balance sheet and we review this each year to ensure that the value is fairly stated. In each of the past two years, the board has taken the decision to reduce the carrying value of our security division by £200,000, and we have done the same thing in 2019-20 in line with good accounting practice. The write-down represents a reduction of approximately 4% in the consolidated net assets of the Group. The board remains satisfied that all other goodwill valuations can presently be justified.
Thu, 20th Aug 2020 07:00
PHSC Plc - Final Results
PHSC Plc - Final Results
PR Newswire
London, August 19
PHSC plc(the “Company” or the “Group”)
Final Results for the year ended 31 March 2020 and Notice of Annual General Meeting
Financial Highlights
• EBITDA of £0.255m, an increase of approximately 120% from £0.116m last year (after adjustment for exceptional gain on property sale of £0.166m last year)
• Statutory loss after tax of £0.015m compared with a profit of £0.001m last year (which included gain on property sale of £0.166m last year)
• Group revenue of £4.438m compared with £5.215m last year
• Cash reserves of £0.756m at year end compared to £0.642m last year
• Write-down of £0.200m due to impaired goodwill, the same as last year
• Group net assets at £4.978m after goodwill impairment compared to £5.140m last year
• Loss per share of 0.11p compared to a profit per share of 0.005p last year
• Final dividend of 0.5p proposed, making a total of 1.0p for the year, matching the 1.0p paid last year
According to the rns NAV is 34p